HRL vs MICC: Hormel Foods and Magnum Ice Cream Company compared
The short version
From the latest prices and each company's SEC filings. Who's ahead on each measure, not which to buy.
- Magnum Ice Cream Company is the larger company, worth $11.3B, close to Hormel Foods's $10.8B.
- Magnum Ice Cream Company grew revenue faster over the last year (-0.5% vs -2.4%).
- Magnum Ice Cream Company keeps more of each dollar of revenue as operating profit (7.6% vs 4.7%).
- On earnings, Hormel Foods is the cheaper stock (22.1x vs 32.9x).
Side by side
The stronger figure is shaded where higher (or, for valuation multiples, lower) reads as better. How the implied growth works.
| Measure | HRL | MICC |
|---|---|---|
| Market cap | $10.8B | $11.3B |
| Share price | $19.19 | $17.28 |
| Revenue (last fiscal year) | $12.1B | $7.9B |
| Free cash flow (last fiscal year) | $534M | $123M |
| Revenue growth, last year | -2.4% | -0.5% |
| Revenue growth per year, last 5 fiscal years | +1.5% | +1.9% |
| Operating margin | 4.7% | 7.6% |
| Net margin | 2.8% | 3.7% |
| Return on equity | 4.4% | 46.9% |
| P/E (trailing) | 22.1x | 32.9x |
| Price / free cash flow | 20.3x | 1027.0x |
| EV / EBITDA | 14.7x | 11.4x |
| FCF growth the price implies | 5.2% | — |
| Dividend yield | 5.9% | — |
| Debt / equity | 0.69x | 11.0x |
| Fundamental grade | D | D |
| Superinvestors holding it | 2 | 0 |
| Insider purchases, last 12 months | 3 | 0 |
Results from SEC filings
Revenue and free cash flow by fiscal year, from each company's 10-K filings.
Hormel Foods
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $11.4B | $770M | 9.9% |
| 2022 | $12.5B | $856M | 10.5% |
| 2023 | $12.1B | $778M | 8.9% |
| 2024 | $11.9B | $1.0B | 9.0% |
| 2025 | $12.1B | $534M | 5.9% |
Magnum Ice Cream Company
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2023 | $7.6B | $634M | 9.7% |
| 2024 | $7.9B | $792M | 9.6% |
| 2025 | $7.9B | $123M | 7.6% |
Where the revenue comes from
Hormel Foods · by segments, 2025
Retail$7.5B62%
Foodservice$3.9B33%
International$709M6%
Magnum Ice Cream Company · by segments, 2025
Europe and ANZ$3.2B40%
Americas$2.8B35%
AMEA$2.0B25%
Compare them in fullFifteen years of statements, quarterly results, DCF and IRR models, and any number of peers side by side.
Open HRL in InvestinglyQuestions
Which is bigger, Hormel Foods or Magnum Ice Cream Company?
Magnum Ice Cream Company (MICC), at $11.3B against $10.8B.
Is HRL or MICC cheaper?
By trailing P/E, Hormel Foods (22.1x) is cheaper than Magnum Ice Cream Company (32.9x). A lower multiple can also mean the market expects less growth.
Which grows faster, HRL or MICC?
Magnum Ice Cream Company: revenue grew -0.5% over the last year, against -2.4%.
Prices and ratios as of the last daily update; statements from SEC filings. Information only, not investment advice.